James Latham set to meet full-year expectations

(Sharecast News) - James Latham said on Wednesday that its full-year results were expected to meet market expectations despite a challenging trading environment, with stable pricing and a modest increase in volumes.

In a trading update ahead of its results for the year ended 31 March, the AIM-traded timber and panel products distributor said revenue was expected to be in line with forecasts, with volumes slightly higher year-on-year.

Profit before tax was also anticipated to be in line with market expectations.

The company said cost prices had remained stable throughout the year, although it was monitoring potential disruption linked to the conflict in the Middle East, which was beginning to drive higher freight rates and longer shipment times.

James Latham added that construction of its new national distribution centre in Chatteris, East Anglia, was progressing on schedule and within budget, with the facility expected to be fully operational by the end of 2027.

The group said it would report its preliminary results for the year ending 31 March on 2 July.

At 1006 GMT, shares in James Latham were up 2.92% at 988p.

Reporting by Josh White for Sharecast.com.

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